Underrepresentation of women in key media roles has been a consistent theme throughout the years. The discrepancy has been even more pronounced among minorities. Brande Victorian, Managing Editor at Madamnoire, and Robyn Moreno, Co-President at Latina Media Ventures join us on Cheddar to discuss diversity in media.
Victorian chats about the biggest challenges of being part of a minority-run publication. Victorian said a big challenge is advertising. Competition is stiff, and they don't typically have the same funding as large corporations such as Vice and Complex.
Moreno weighed in by saying minority work has never been more important due to the current political climate.
Latinos made up just 3% of speaking roles in the top 100 films in 2016, despite making up about 26% of the U.S. population. Moreno said Latinos are holding up the movie industry. She said 1 in 4 movie tickets are bought by Latinos. Not only isn't it insulting, she said, but it's also bad business.
Pharmaceutical company Merck has announced that it will share the formula of its COVID-19 pill with poor countries free of charge. The company still intends to charge wealthier nations leaving the end cost at more than $700 per five-day treatment course.
Dems race for a deal on President Biden's economic agenda ahead of his big foreign trip. What to make of the latest threat assessment in Afghanistan. Plus, the meme cryptocurrency of the moment that's now worth more than many Fortune 500 companies.
Rent the Runway is making its trading debut on the NASDAQ. The fashion company has struggled since the onset of the pandemic, not having turned a profit since 2019. Crunchbase reporter Sophia Kunthara explains how Rent the Runway has had to make necessary changes to its business model in order to keep itself afloat.
As negotiations drag on in Washington, DC over President Biden's social spending bills, Senate Democrats have introduced a new idea to fund Biden's plans: taxing the unrealized capital gains held by billionaires. Barron's reporter Sabrina Escobar joins Cheddar News' Closing Bell, where she explains what's in the billionaire tax proposal, who it will impact, and why it's on the table.
GM exceeded earnings expectations, yet still felt the chip shortage squeeze. Baron's Senior Writer Al Root discussed GM's segue into the electric car car world despite its struggles.
Jay Jacobs, SVP and Head of Research & Strategy, at Global X ETFs, joins Cheddar News' Closing Bell, where he explains why the Dow and S&P fell from their recent records during Wednesday's session. Jacobs also broke down the numbers in Ford's Q3 earnings as the results rolled in.
Two recent studies by Conference Board, ESGauge, and Spencer Stuart find that the number of Black directors at S&P 500 companies is growing, but more needs to be done in order to see real gains in the boardroom. Jerusha Stewart, CEO of Take Your Seat joins Cheddar News to discuss what more needs to be done for a more inclusive workplace.
